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What Volatility?
Posted by :
psgs
its ok, it is a new company. good news is out, the stock will touch 750 levels soon.
swamy.
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What Volatility?
Posted by :
jpratik1The EPS of Advanta India for FY08 was Rs 30 and half year FY09 is 13 - gets your facts correct - go to bse site - as far as the PE of 23 goes the stock should trade atleast at 700 based on FY08 EPS - not even considering FY10 EPS...
What Volatility?
Posted by : Value_Investor1The fundamentals seem to be seriously overvalued, This has a P/E of 1700 as against the industry P/E of 23 (i.e.80 times overvalued), and Price/Cash ratio of 117. If this reached the industry P/E it would crash by over 80 times. Buyers at this level may be ready to take a lot of risk....
What Volatility?
Posted by : psgs
its news of rights issue is keeping the stock at higher levels. gets locked if the demand is good in the next 2 days. chances of the stock hitting circuit filter level of 20% once again is very high as the sellers are not there in the counter and the buyers are increasing due to rights issue news. hence the severe volatility is present in the counter, but will settle down once the rights issue price is fixed by the management.
swamy.
...
What Volatility?
Posted by : virasanjayits an under valued stock ,should stay around 650-700 levels...
What Volatility?
Posted by : Guest
There was a big news for about 10 minutes news about Scam discovered in Advanta and
United phosphorus account books in Zee Business news on this date:12Nov2009, suddenly the stock first fell to below 400 and then rose 30%, with very high volumes. Surprisingly
this news is not mentioned by any other channel/paper. Is there some sort of nexus going on....????...
What Volatility?
Posted by : GuestThere was a big news for about 10 minutes news about Scam discovered in Advanta and United phosphorus account books in Zee Business news on this date:12Nov2009, suddenly the stock first fell to below 400 and then rose 30%, with very high volumes. Surprisingly this news is not mentioned by any other channel/paper. Is there some sort of scam going on for false news....????...
What Volatility?
Posted by : psgs
yesterday the stock was up almost 30% from the day`s lows and today again 10% kind of moves. the reason being heavy buying in the counter after the company announced its plans to raise capital for its future expansion plans may be. i think it will correct from current levels and nobody will buy this stock at 600+ levels atleast for now. at 500 levels or so there is good value for long term investor.
swamy.
...
What Volatility?
Posted by : jpratik1Intraday down 8% and then up 20% circuit. What reasons?...
NSE Announcements on Advanta
Posted by : MMB MessengerAdvanta India Limited has informed the Exchange regarding the outcome of Extra Ordinary General Meeting held on November 06, 2009. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Advanta
Posted by : MMB Messenger
Advanta India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 06, 2009, inter alia, have accorded to the following:
1. Increase in Authorised Equity Capital of the Company by Rs Fifty Five Crores divided into 5,50,00,000 Equity Shares of Rs. 10 each i.e. from Rs. Twenty Crores to Rs. Seventy Five Crores.
2. Authorised the Board of Directors for issue of further Equity shares and / or other convertible financial instruments through Public Issue, Rights Issue, Preferential Issue and / or Private Placement for an aggregate amount not exceeding Rs. 750 Crores.
3. Increase in bon powers of the Company from Rs. 500 Crores to Rs. 2000 Crores.
4. Authorised the Board of Directors of the Company to mortgage / charge Companys assets and properties to secure loan(s) obtained / to be obtained from Banks, Financial Institutions or person or persons for an amount not exceeding Rs. 2000 Crores. ...
BSE Announcements on Advanta
Posted by : MMB MessengerAdvanta India Ltd has informed BSE that Remuneration Committee of the Board has allotted 907 Equity Shares of the face value of Rs. 10/- each, on October 30, 2009 in its Remuneration Committee meeting held on October 30, 2009, to one of its employee, who has exercised his option granted under Employee Stock Option and Shares Plan - 2006. Post allotment Paid up capital of the Company has increased to Rs. 168406320/- consisting of 1,68,40,632 equity shares of the face value of Rs. 10/- each....
NSE Announcements on Advanta
Posted by : MMB MessengerAdvanta India Limited has informed the Exchange that Remuneration Committee of the Board has allotted 907 Equity Shares of the face value of Rs. 10/- each, on October 30, 2009 in its Remuneration Committee meeting held on October 30, 2009, to one of its employee, who has exercised his option granted under Employee Stock Option and Shares Plan - 2006. Post allotment Paid up capital of Company has increased to Rs. 168406320/- consisting of 1,68,40,632 equity shares of face value of Rs. 10/- each....
BSE Announcements on Advanta
Posted by : MMB MessengerAdvanta India Ltd has informed BSE about the Financial Results for the Quarter ended September 30, 2009. ...
BSE Announcements on Advanta
Posted by : MMB MessengerAdvanta India Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the Company will be held on November 06, 2009....
